Ulta Beauty delivered an excellent result which appears to be a manifestation of the recovery in the beauty retail sector. The company’s recent performance can be attributed to improving consumer confidence, government stimulus payments, and the easing of Covid-19 restrictions. With the new CEO Dave Kimbell at the helm of the organization, taking over from Mary Dillon, Ulta Beauty looks to be in safe hands. The company zoomed past Wall Street expectations and also provided a robust guidance for the year. While digital sales have been a major driver for growth, the management is looking to grow the brick-and-mortar footprint through adding 40 new stores in 2021. The company’s stock has appreciated rapidly and we are optimistic about the company’s 2021.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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